Howard Enterprises has a contribution margin ratio of 65% and fixed costs of $15,000. What would sales have to be in order for Howard to earn an after-tax profit of $50,000? The company is in the 40% tax bracket
A) $23,077
B) $100,000
C) $151,282
D) $75,000
C
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Fill in the blank(s) with the appropriate word(s).
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